Three-bedder at The Waterside sets record profit of $3.81 mil
Based on lodged cautions, this newest offer notes the initial unprofitable resale purchase at Bishopgate Residences. In 2025, the development observed just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The most profitless resell deal during the period in review happened at Bishopgate Residences, a property condo in prime District 10. The 2,896 sq ft, four-bedroom unit was sold for $8.8 million ($3,039 psf) on Feb 27. The unit formerly brought $10.66 million ($3,682 psf) in March 2021. Thus, the deal resulted in a loss of $1.86 million (17.5%), that equates to an annualised damage of 3.8% over five years.
Completed in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The development offers a mix of 3- to five-bedroom units covering 2,433 to 5,974 sq ft. It is situated inside the well-off Bishopgate– Chatsworth residential enclave, near to the Indonesian consular office.
The second-largest gain recorded throughout the week emerged from the sale of a three-bedroom unit at Sky@Eleven, along Thomson Lane. The 2,271 sq ft unit on the 37th floor was bought for $2.73 million ($1,200 psf) in May 2007 and switched hands for $5.75 million ($2,532 psf) on Feb 26. Hence, the seller made a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of nearly 19 years.
The Clift is a 99-year leasehold development situated along McCallum Street in Area 1. Finished in 2011, the apartment consists of 312 apartment or condos and a single-storey retail podium. It offers one- and two-bedroom homes measuring in between 495 and 818 sq ft, along with one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
This notes the fifth most profitable resale purchase at the property development to day. The record gain comes from the sale of a 2,713 sq ft four-bedder for $6.48 million ($2,389 psf) in April 2024. The unit had actually formerly pulled off for $2.8 million ($1,031 psf) in March 2007, that implies the vendor made a yield of $3.68 million. This translates to an annualised profit of 5% after a keeping duration of a little over 17 years.
The most successful condominium resale transaction in the middle of the week of Feb 24 to March 3 was the profit of a three-bedroom unit at The Waterside. The 2,411 sq ft unit on the seventh level changed hands for $5.5 million ($2,281 psf) on Feb 25. The unit was previously bought for $1.69 million ($700 psf) in April 1998. Hence, the seller raked in a log revenue of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
Lodged caveats show that the development recorded 19 resale deals last year, nine of that were profitless. The 9 units, ranging from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
The transaction marks one of the most beneficial resale transaction to date at The Waterside. It tops the past log gain of $3.13 million, when a 2,142 sq ft unit brought $4.88 million ($2,278 psf) in April 2025. The three-bedder had previously negotiated for $1.75 million ($817 psf) in September 2006, concluding in the dealer producing an annualised earnings of 5.7% over almost 19 years.
Carried out in 1993, The Waterside is a freehold condominium situated around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman High School, and is also near Katong Park MRT Station on the Thomson-East Coast Line. It consists of six 23-storey residential blocks, supplying 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the 2nd most unsuccessful apartment resale transaction of the week. The one-bedder on the 32nd floor transacted for $1.3 million ($1,677 psf) on Feb 25. The seller, that obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of approximately $816,075, or 38.6%. The vendor had actually owned the unit for more than 14 1/2 years.
